Defiance Digital Revolution ETF (NFTZ) Stock Technical Analysis
NYSEARCA:NFTZ - NYSE Arca - US26922B8164 - ETF - Currency: USD
Overall NFTZ gets a technical rating of 7 out of 10. Although NFTZ is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
NFTZ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.33, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NFTZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.70
We found 2 important support areas.
- A support zone ranging from 6.30 to 6.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.76 to 5.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.51 to 6.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.69 | 6.29 | 0.40 (5.98%) | 16.73% |
| An entry @6.69. This is a Buy Stop order right above the resistance zone. | An exit @6.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.40 points, which is 5.98%. | When investing 16.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
Defiance Digital Revolution ETF
NYSEARCA:NFTZ (2/27/2023, 8:06:19 PM)
After market: 6.4 +0.02 (+0.23%)6.385
+0.02 (+0.32%)